Paramount Dye Tec
Listed
Listed
IPO Timeline
Issue open date
30 Sep 2024Issue close date
3 Oct 2024UPI mandate deadline
3 Oct 2024Allotment finalization
4 Oct 2024Refund initiation
7 Oct 2024Share credit
7 Oct 2024Listing date
8 Oct 2024Mandate end date
18 Oct 2024Lock-in end date for anchor investors (50%)
3 Nov 2024Lock-in end date for anchor investors (remaining)
2 Jan 2025Key Dates
Open
30 Sep 2024Close
3 Oct 2024Listing
8 Oct 2024Quick Stats
Issue Size:28cr
Lot Size:1200 shares
About the Company
Paramount Dye Tec Limited, established in 2014, manufactures yarns by recycling synthetic waste fibers for the B2B textile industry. The company offers a variety of synthetic fibers and yarns, including acrylic, polyester, nylon, wool, and acrylic blends. It operates two manufacturing facilities in Punjab, following ISO 9001:2015 and Good Manufacturing Practice (GMP) standards. The company also trades acrylic cloth and various yarn products, using established production practices.
Strengths
- Uses recycled synthetic waste to produce high-quality yarn and fiber, promoting environmental responsibility and cost-efficiency.
- Cost-efficient production methods result in margin benefits, allowing for competitive pricing.
- The increased spinning capacity allows for the efficient use of in-house produced fiber, improving profitability.
- The company’s integrated fiber and yarn production simplifies the supply chain, reducing customer lead times.
- Products are cost-effective, helping customers lower their production costs without compromising quality.
Risks
- The company’s reliance on a single business segment for revenue exposes it to risks related to market demand, competition, and raw material availability.
- Dependency on a few suppliers poses risks of supply disruptions, which could impact business operations and revenue.
- Failure to meet contractual performance standards could result in business loss, reputational damage, or financial penalties.
- Fluctuations in raw material prices or shortages may increase production costs, impacting profitability if costs can’t be passed on to customers.
- Delayed or missed payments from clients could strain cash flow, affecting operations and growth plans.
Paramount Dye Tec IPO – Frequently Asked Questions
- The Paramount Dye Tec IPO opens on September 30, 2024 and closes on October 3, 2024.
- The tentative listing date for the Paramount Dye Tec IPO is October 8, 2024.
- You can apply for the Paramount Dye Tec IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Paramount Dye Tec, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Paramount Dye Tec IPO is 1200 shares. Investors must apply for at least one lot (i.e., 1200 shares).